German Unicredit unit considers sale of PE stakes
HypoVereinsbank, the German unit of Italian bank Unicredit, is reportedly considering the sale of its private equity fund stakes in a stapled secondary transaction.
The deal would raise fresh capital for future investments, according to reports.
The unit has mandated UBS AG to research the possible secondary, which could raise around €600m.
The deal under consideration would result in the provision of fresh capital to Milan-based Unicredit's private equity fund, headed by Martin Langer.
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